400 Benigno Drive, Bellmawr, NJ
Product: 78,100 sf light manufacturing & distribution sale
Client: Beyerly Holdings, LLC
Challenges
- Previous broker unsuccessfully marketed building for 15 months
- Low clear height and small truck court limited appeal as a distribution building
- Impending major highway project would limit access to building
Solutions
- Direct mail of over 150 area businesses with phone follow-up
- Broker emails; CoStar listings
- Generated multiple, simultaneous offers; closed 90 days after Brad and marketing partner were hired
- Because no offer reached the seller’s target price, Brad suggested that buyer lease building for a period before completing the purchase. Purchase price plus rent income equaled seller’s target